The IPO will see an offer of new shares alongside a partial share sale by BC Partners. Proceeds will be used to repay outstanding debt, it said.
Foxtons recorded revenues of £120m pounds and EBITDA of £38.3m in 2012.
Back in March AltAssets reported that BC Partners was considering an IPO in the wake of Oaktree Capital-backed peer Countrywide’s successful listing earlier that month.
BC first bought into Foxtons for £360m in 2007, but was forced to cede control to lenders three years later in the midst of a property crash which left the business reeling.
The firm later admitted the deal was a “mistake”, but kept a holding in the business by injecting an extra £50m and regained majority ownership last year.
Credit Suisse and Numis Securities will act as joint bookrunners, while Canaccord Genuity is co-lead manager.
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